zondag 7 april 2013

Correlation: Bitcoin Vs. Silver

Since the crisis in Cyprus erupted a few weeks ago, Bitcoin has made new highs on fear of the deposit debacle in Cypriot banking system. Now that Bitcoin has made new all time highs, I'm suggesting to diversify these gains into silver (SLV).

Max Keiser points out that there is a relationship between silver and bitcoin. Bitcoin and silver are a natural hedge against each other, because both are hard currencies. If one of them goes up too much, the other will eventually follow. So if Bitcoin goes up too much (which is happening right now), you should switch some of that Bitcoin money into silver as Max suggests.

Max Keiser: "Silver is the natural hedge of Bitcoin." (Starts at 3:18)